National Business

NEW YORK (AP) — Wall Street closed higher as traders made their final moves in anticipation of a report that could show whether inflation is cooling in the right way or setting the market up for worse pain. The S&P 500 rose 1.1% Monday.

OTTAWA — The final version of a new telecom policy directive first unveiled by the federal government in May of last year is now in force.

TORONTO — Ontario Power Generation says it has signed a deal to buy the former head office building for General Motors of Canada in Oshawa, Ont., and plans to use it for its own corporate headquarters.

WINDSOR, Ont. — Stellantis North America says Jason Stoicevich will take over the leadership of its Canadian operations, effective immediately.

TORONTO — Dye & Durham Ltd. reported a net loss of $34.8 million in its latest quarter as its revenue edged down three per cent compared with a year ago.

VANCOUVER — B2Gold Corp. has signed a deal to buy Sabina Gold and Silver Corp. in an all-stock deal valued at $1.1 billion. Sabina owns the Back River gold district in Nunavut including five mineral claims across an 80-kilometre belt.

VANCOUVER — Ritchie Bros. Auctioneers Inc. says it expects its fourth-quarter profit to come in between US$42 million and US$45 million. In its preliminary results for the quarter ended Dec. 31, the company, which keeps its books in U.S.

WINNIPEG — The Royal Canadian Mint says it's temporarily laying off 56 employees at its Winnipeg facility.

TORONTO — Life insurance for a baby might sound a little off, but fast-growing Greatway Financial Inc. says it's never too early to sign up.

TORONTO — Five things to watch for in the Canadian business world in the coming week: TC Energy results TC Energy Corp. will release its fourth-quarter financial results on Tuesday.